Interactive Wealth offers law firms and their highly compensated attorneys (HCA) a new way to defer their contingency fees on a pre-tax, tax-deferred basis beyond their current firm’s sponsored retirement plan–without any limits or restrictions.
Currently, the IRS limitshow much a HCA can defer in their retirement plan. However, Interactive Wealth’s NQDC plan for tort attorneys delivers a new solution. Now, law firms can offer:
- Income tax relief via unlimited pre-tax deferral of salary, bonuses, commissions, etc.
- “Golden handcuffs” to retain key employees”
- Tax-deferred earnings on account balances
- A quality menu of diverse investment alternatives
- Enhanced planning flexibility for life-event purposes (college education, etc.), as well as retirement
- Scheduled distributions without an early withdrawal penalty [10% in a 401(k)]
If you would like to learn more about ways to defer taxes for yourself and your HCA contact us today.
About Interactive Wealth Advisors
Interactive Wealth Advisors is a Portland, OR Fee-Only financial planning firm serving Portland and all surrounding areas. Interactive Wealth Advisors Inc. specializes in providing objective financial planning to help clients build, manage, grow, and protect their assets through life's transitions.
Drop us a Message
Interactive Wealth Advisors are committed to helping you reach financial freedom. If you are in need of financial advice, please complete the form below.